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- wisemonk replied Jul 16, 2017
Price always retraces a little bit, but if anyone is expecting major retracements next week, I am not sure if they will get to see that. There are no indications at least in the charts, unless USD gains strength or Aussie falls on commodity prices. ...
- wisemonk replied Jul 14, 2017
[quote=ArslanHyder;10086180] I saw it was bouncing off the side of the ascending triangle, so decided to play it both ways . So got into a long position too, along with the short. The red lines were the stop losses for each opposite position. ...
- wisemonk replied Jul 14, 2017
[quote=ArslanHyder;10086152]Further north move after 10 minutes ... (I am 80-90% confident)[/q How high do you reckon it will go tonight?
- wisemonk replied Jul 14, 2017
Congratulations mate..! That was a breath-taking rise..
- wisemonk replied Jul 14, 2017
Interesting formation on the 5 minute chart. Ascending triangle again . Likely to break upwards, but could also turn out to be a false breakout and slide downwards. SL's are tight and just outside the triangle.
- wisemonk replied Jul 14, 2017
No worries mate. I have got my SL's in place. Trading is always about taking risks. Some days you win, some days you lose.
- wisemonk replied Jul 14, 2017
I am on a short, as I can see Divergence on the 1 Hr chart, so I am hoping for a reversal.
- wisemonk replied Jul 13, 2017
Mate, I am not sure if holding onto loss making shorts is a great idea. Been there and done that in my early days, with only having to close them at a much higher loss later. I have even traded crazier methods like Martingale, where you double up in ...
- wisemonk replied Jul 13, 2017
Your take on this makes sense. Recently, I have come to the conclusion, that retail traders like myself (and possibly others) could only attempt to try and do fundamental analysis. We don't have access to all the data required to take a position on ...
- wisemonk replied Jul 13, 2017
No idea. I have been trying to look at it fundamentally so far and hence was bearish, but fundamentals don't work in the short term and I should have known that better. Now, it's more of a wait and watch. There is a lot of noise out there and with ...
- wisemonk replied Jul 13, 2017
That image looks pretty scary mate. To me it also looks like an ascending triangle, it's at the edge and could potentially break upwards. Recently saw that happen on a 1 Hr chart I think. It already has multiple touches to that line. If it had a ...
- wisemonk replied Jul 12, 2017
Nice one mate. Looks like I will sit this one out and watch.
- wisemonk replied Jul 12, 2017
Thanks mate. I definitely agree with your bearish projection.
- wisemonk replied Jul 12, 2017
The bearish outlook on the Aussie makes perfect sense, fundamentally speaking. We are still not in a position to increase the interest rates, whilst the US is expected to raise it several times in the future. Interest rate differentials is a strong ...
- wisemonk replied Jul 11, 2017
Looks like it is in a channel. If that is true it may not go down any further than 0.7595. Closed a few shorts, just one left.
- wisemonk replied Jul 5, 2017
Yeah..! About time mate
- wisemonk replied May 9, 2017
Hi Lasty, Taxi drivers have indeed faced a decline in customers, but that may have less to do with the economy and more to do with Uber . This year's budget by the politicians is more about raising money to splash around at the cost of the average ...
- wisemonk replied May 9, 2017
I am not entirely sure of that. I am going by weekly chart (AEST) and I am expecting it to bounce from the region 0.72900 to 0.7337. Of course your chart could be entirely correct as well, but I expect a retracement from current levels to atleast ...
- wisemonk replied Apr 4, 2017
I believe that the RBA statement/decision had minimal impact. It gave me an opportunity to increase my shorts. There is no way RBA could have increased the rate. And given the recent reports and the housing bubble concerns, there is no way RBA would ...
- wisemonk replied Mar 3, 2016
The resilience of the Aussie is just amazing. What a rally ! If I look at the four hour chart and draw a line joining the swing high in Sep 2015 and Dec 2015, it shows a resistance over 75 and below 76. The Aussie may be headed towards those levels. ...